Digital Realty Trust, Inc. (NYSE:DLR) – Stock analysts at Jefferies Group issued their Q1 2018 earnings estimates for shares of Digital Realty Trust in a report issued on Thursday, according to Zacks Investment Research. Jefferies Group analyst J. Petersen anticipates that the real estate investment trust will post earnings per share of $1.55 for the quarter. Jefferies Group also issued estimates for Digital Realty Trust’s Q2 2018 earnings at $1.58 EPS, Q3 2018 earnings at $1.66 EPS, Q4 2018 earnings at $1.72 EPS, Q1 2019 earnings at $1.71 EPS, Q2 2019 earnings at $1.74 EPS, Q3 2019 earnings at $1.80 EPS, Q4 2019 earnings at $1.86 EPS and FY2020 earnings at $7.73 EPS.
DLR has been the subject of several other research reports. Credit Suisse Group set a $95.00 price target on Digital Realty Trust and gave the company a “hold” rating in a report on Saturday, February 17th. Robert W. Baird upgraded Digital Realty Trust from a “neutral” rating to an “outperform” rating and set a $124.00 target price for the company in a report on Tuesday, January 16th. Zacks Investment Research cut Digital Realty Trust from a “hold” rating to a “sell” rating in a report on Monday, January 15th. Wells Fargo & Co upgraded Digital Realty Trust from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $109.31 to $120.00 in a report on Friday, December 22nd. Finally, ValuEngine upgraded Digital Realty Trust from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Digital Realty Trust currently has an average rating of “Buy” and a consensus price target of $122.25.
Digital Realty Trust (NYSE:DLR) last released its quarterly earnings results on Thursday, February 15th. The real estate investment trust reported $0.34 earnings per share for the quarter, missing the consensus estimate of $1.52 by ($1.18). The firm had revenue of $731.45 million for the quarter, compared to analysts’ expectations of $729.30 million. Digital Realty Trust had a net margin of 10.10% and a return on equity of 4.03%.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Thursday, March 15th will be paid a dividend of $1.01 per share. This is a positive change from Digital Realty Trust’s previous quarterly dividend of $0.93. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.83%. The ex-dividend date is Wednesday, March 14th. Digital Realty Trust’s dividend payout ratio (DPR) is currently 372.00%.
In related news, SVP Christopher Kenney sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $103.47, for a total transaction of $1,034,700.00. Following the completion of the sale, the senior vice president now directly owns 10,000 shares of the company’s stock, valued at approximately $1,034,700. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.40% of the stock is currently owned by company insiders.
Several hedge funds have recently modified their holdings of the stock. Amica Retiree Medical Trust bought a new stake in Digital Realty Trust during the 3rd quarter valued at $102,000. Grove Bank & Trust raised its position in Digital Realty Trust by 1,284.6% during the 3rd quarter. Grove Bank & Trust now owns 900 shares of the real estate investment trust’s stock valued at $106,000 after purchasing an additional 835 shares in the last quarter. Thompson Siegel & Walmsley LLC raised its position in Digital Realty Trust by 4,984.2% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 966 shares of the real estate investment trust’s stock valued at $114,000 after purchasing an additional 947 shares in the last quarter. Fieldpoint Private Securities LLC bought a new stake in Digital Realty Trust during the 3rd quarter valued at $134,000. Finally, Investment Counselors of Maryland LLC bought a new stake in Digital Realty Trust during the 3rd quarter valued at $154,000. 99.99% of the stock is owned by hedge funds and other institutional investors.
Digital Realty Trust Company Profile
Digital Realty Trust, Inc is a real estate investment trust (REIT). The Company is engaged in the business of owning, acquiring, developing and operating data centers. The Company is focused on providing data center and colocation solutions for domestic and international tenants across a range of industry verticals ranging from financial services, cloud and information technology services, to manufacturing, energy, healthcare and consumer products.
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